Bitcoin Forum
May 07, 2024, 06:04:20 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > Speculation > The Fifth Leg-up Begins Soon
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: The Fifth Leg-up Begins Soon  (Read 873 times)
Alex Thornton (OP)
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
August 03, 2011, 06:21:09 PM
Last edit: August 03, 2011, 06:40:46 PM by Bituser
 #1
http://i1195.photobucket.com/albums/aa387/bituser1/Untitled3.png

Notice that each breakout (diagonal arrows) was preceded by a sudden collapse in the price (vertical arrows) with the exception of the breakdown in October 2010 which occurred after the uptrend started.

Brown line is the 50-day moving average.

Not shown is one other horizontal consolidation and leg-up in May-July 2010. You can see that on the Bitcoin Market USD/PayPal chart.
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > Speculation > The Fifth Leg-up Begins Soon
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!